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. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for d
. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty...
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., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of a three-foot tsunami in the miyagi prefecture. the u.s. geological survey says there's no risk of a widespread tsunami, and so far, there have been no news of injuries or damage. of course, we're going to keep an eye on any aftershocks that occur and we'll bring you the very latest. >>> well, elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capital. this time, it's in response to a politically explosive power grab by the democracy's president, mohamed morsi. right now, soldiers are setting up barricades as morsi's opponents plan a million man march in cairo's tahrir squ
., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of a...
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>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were on the ballot in the same election? strom thurmond, of course, and the longest serving junior senator perhaps in the history of america, fritz hollings. senator thurmond won re-election and hollings, the form earp governor at the time, won a special to fill a seat left empty when johnston died. we'll be right back. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's no
>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were...
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and this fiscal cliff, not what is happening in january but long-term imagine problems. neil: you can't win being a lighter verdict of them. version of them. >> even during the campaign, i am not being critical of our candidates but they talked about how dire the circumstances are with our economy deficits but they put forward a plan that did not change entitlement for 10 years, if we're in a dire point, how can you say that -- they -- we did not make -- we made the case there is a problem. but they look add solution, they said it can't be too big of a problem if you are waiting 10 years to solve it. neil: rick santorum, always a prez eapleasure senator. hardest working senator. >> hard work does payoff, it does. neil: just a few moments, senator jim demint on why he is taking a sprint. is the tea party's loudest voice in the senate leaving the tea party high and dry? he is hereafter this i'm only in my 60's... i've got a nice long le ahead. big plans. medicare doesn't pay all my medical eenses, i looked at my options. then i got a medicare supplement insurance plan. [ m
and this fiscal cliff, not what is happening in january but long-term imagine problems. neil: you can't win being a lighter verdict of them. version of them. >> even during the campaign, i am not being critical of our candidates but they talked about how dire the circumstances are with our economy deficits but they put forward a plan that did not change entitlement for 10 years, if we're in a dire point, how can you say that -- they -- we did not make -- we made the case there is a...
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the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is the framework we are operating on. within that framework, i am happy to be flexible. i recognize i will not get 100%. i will not agree to a plan a in which we have some revenue that is vague and potentially comes out of the pockets of middle- class families in exchange for some very specific entitlement cuts that would affect seniors or other folks who are vulnerable. host: president obama with the bloomberg tv. next up, sarah on the republican line. caller: i think president obama is blackmailing the congress. he thinks sin
the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is...
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the countdown is on until the nation falls over the fiscal cliff. some sharp new words from president obama this morning in his weekly address. >> if we're serious about reducing our deficit, while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one wrins pal i won't compromise on. >> good saturday morning to you, mike. >> hi, alex. >> let's talk about the time line. is there a realistic one in which this can all get done by the beginning of the year? >> i think there is, alex. i think people know the parameters of the year. it's just can they get there, do they have the political will to get there. more importantly, alex, do they have the votes to get there in the house of representatives. you heard the president. he says no compromise on this issue of raising taxes for the wealthy. there's one glimmer of hope, how much to hike taxes. as you know, clint
the countdown is on until the nation falls over the fiscal cliff. some sharp new words from president obama this morning in his weekly address. >> if we're serious about reducing our deficit, while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one wrins pal i won't compromise on. >>...
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congress has ever used the fiscal cliff. usual through debt ceiling as a bargaining point, which is what happened last year. this never dealt with. >> what would happen if the congress said no? the president would be forced to operate the federal government in money available to him. >> nobody said that to ronald reagan or the first george busher second george bush. >> democrats voted against raising the debt ceiling. >> but nobody has ever, ever stopped it and made it a point of then fiscal negotiation. only happened once. >> we have never been in treacherous, perilous fiscal circumstances as today. >> bret: top senate republican calling it quits was here on the set with us. the all-stars weigh in on that. surprising development next. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. [ female announcer ] some people like to pretend a flood coul
congress has ever used the fiscal cliff. usual through debt ceiling as a bargaining point, which is what happened last year. this never dealt with. >> what would happen if the congress said no? the president would be forced to operate the federal government in money available to him. >> nobody said that to ronald reagan or the first george busher second george bush. >> democrats voted against raising the debt ceiling. >> but nobody has ever, ever stopped it and made it a...
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cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we're going to vote present and say -- >> boehner's doing the best he can. he's playing a short deck right now. >> you really think he's the best spokesman for conservatism. >> no, no. >> we should put a paul ryan -- we need younger leadership. >> paul ryan came out publicly in support of boehner. that's point number one. secondly, boehner jumped ryan over more senior people to put him as head of the budget committee. that's my second point. and boehner himself is being advised by ryan every step of the way. >> what do you say about this purge then? he's purging people that wants to balance the budget. >> you lost, ron. don't blame boehner. blame the republican party. blame conservatives. jim demint sa
cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we're going to vote present and say -- >> boehner's doing the best he can. he's playing a short deck right now. >> you really think he's the best...
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. >>> also, the fiscal cliff. it's down to two people. everybody seems to agree, two people get in the room, the president and the leader of the opposition, john boehner, the speaker. they may be closer, some argue, to an agreement than we think. the question is can they sell the deal to their bases, to their fringies, left and right i must say. >>> plus, republicans say they would change after the lek and they are. guess what? they're changing the rules. some of them are proposing to republicans in pennsylvania and three other states obama won. they're trying to eliminate the winner take all system of awarding electoral votes. that way republicans could win electoral votes in states they lose. >>> new jersey governor chris christie finally meets his idol. the man he's seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those aff
. >>> also, the fiscal cliff. it's down to two people. everybody seems to agree, two people get in the room, the president and the leader of the opposition, john boehner, the speaker. they may be closer, some argue, to an agreement than we think. the question is can they sell the deal to their bases, to their fringies, left and right i must say. >>> plus, republicans say they would change after the lek and they are. guess what? they're changing the rules. some of them are...
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we might want to keep inind as we head f the fiscal cliff. according to recent pololl, only 4 in 10 americans expect the white house and congress to reach a deal before the first of the year, and ondthis does goes out,t, 5 53% of the american people are apparely prepared to blame republicans t president's job approval rating is over 50% congress' is under 20%. why y would the president back down? >> it is safe to say that the prident is n interested in a balanced agreement, he is not particularly intererted in avoiding the fiscal cliff, and he is not interested at all in cutting spending. >> the senate minority leader adds that what the president is interested in is getting as s much taayer money a as he can said that he can spend to his heart's contntent. wiwith hispproval ratings going up and congress' at historic lows, why would t president back down, charles? >> to some extent he is underestimating the dama he woduffer if we e go over the cliff. for suret will hurt republicans in congress, and that is why democrats in congressss are relis
we might want to keep inind as we head f the fiscal cliff. according to recent pololl, only 4 in 10 americans expect the white house and congress to reach a deal before the first of the year, and ondthis does goes out,t, 5 53% of the american people are apparely prepared to blame republicans t president's job approval rating is over 50% congress' is under 20%. why y would the president back down? >> it is safe to say that the prident is n interested in a balanced agreement, he is not...
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we want to keep that in mind as we head towards the fiscal cliff. only four in 10 americans expect the white house and congress to reach a deal on the cliff before the first of the year, and if this goes south, a 53% of the american people are prepared to blame republicans. the president's job approval rating is well over 50%. congress' approval rating is under 20%. why what a the president back down? >> the president isn't interested in a balanced agreement, not particularly interested in avoiding a fiscal cliff, and clearly not been tested at all in cutting and spending. >> the senate minority leader says that what the president is interested in is getting as much taxpayer money has he can so that he can spend to his heart's content. with his approval ratings going up and congress' numbers at historic lows and the unemployment rate dropping, why with the president back down? charles? >> to some extent he is under estimating the damage she will suffer if -- he suffer if we go over the cliff. it will hurt the republicans in congress, which is why de
we want to keep that in mind as we head towards the fiscal cliff. only four in 10 americans expect the white house and congress to reach a deal on the cliff before the first of the year, and if this goes south, a 53% of the american people are prepared to blame republicans. the president's job approval rating is well over 50%. congress' approval rating is under 20%. why what a the president back down? >> the president isn't interested in a balanced agreement, not particularly interested...
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at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're likely going to get blamed for that, too. and that will be much worse in the polls. republicans may believe the wh
at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be...
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this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithne
this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the...
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in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek another term. at some point there was a plan for him to forecast his future. the timing of doing it right now certainly caught people by surprise. but it also is a point where it tells you that he feels comfortable that the voice of objection on some things has been the seed has been filled here. he's got a mike lee of utah, rand paul of kentucky, who can fill some of the void that he would be leaving. it really is also, perhaps, good news for someone like mitch mcconnell, he can with his own reelections coming up not have the counterweight of jim demint's considerable presence within the chamber. so
in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek...
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>> on the fiscal cliff or the debt ceiling? >> on the debt ceiling. >> i was very interested by your reporting. that you took a really strong position there. i do think the white house has been transformed. both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised you, red lobster, olive garden, timely for both, and i will deliver. that is ahead. [ male announcer ] take dayquil... [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] ...and spend time on the chair. for non-drowsy 6-symptom cold & flu relief. take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use alka-seltzer plus night cold & flu... [ coughs ] [ buzz! ] [
>> on the fiscal cliff or the debt ceiling? >> on the debt ceiling. >> i was very interested by your reporting. that you took a really strong position there. i do think the white house has been transformed. both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time...
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but senator demind says his resignation has nothing to do with the fiscal cliff. it's because he has accepted a job as president of the conservative think tank the heritage foundation. jim demint served three terms as a u.s. congressman from south carolina before voters first elected him to the senate in 2004. mike emanuel is on capitol hill tonight. it's a big resignation,. >> jim demint says is he leaving the senate, shep he is not leaving the fight. in fact, demint might be able to spend more time on issues he is most passionate about at the heritage foundation. he explained his thinking on "special report" a short time ago. >> i think i'm in a more powerful position than a single united states senator. i wouldn't feel good about leaving if we didn't have so many new bright young conservatives now in the senate. but it's time that conservatives take control of our message and let americans know what we can do to make their lives better. earlier fellow south carolina senator lindsey graham sounded truly shocked by the news. >> on a personal level, i have lost my
but senator demind says his resignation has nothing to do with the fiscal cliff. it's because he has accepted a job as president of the conservative think tank the heritage foundation. jim demint served three terms as a u.s. congressman from south carolina before voters first elected him to the senate in 2004. mike emanuel is on capitol hill tonight. it's a big resignation,. >> jim demint says is he leaving the senate, shep he is not leaving the fight. in fact, demint might be able to...
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but everybody's worried about retail and fiscal cliff, carl and fiscal cliff was mentioned in the release. it's become something carl that we are expecting in every release that we see. >> we do have a couple of seconds to point out that last night in cable fax awards, two nights ago, you were named to the hall of fame. >> yes, thank you very much. kind of proud, i dedicated by admission to mark haines who put me on tv. when david and joe would do "squawk box," he put me on tv. and mark was inducted into the hall of fame last year, because he said there's room for like guys that were bald and fat. right then i was trading at 2.15. now it's a point lower. >> no free passes. >> well deserved, congratulationings from all of us. you're going to stick arounder for lululemon. >> speaking of which, coming up, the ceo of lululemon will talk to us about the holiday season. and apple, a slide back into u.s. territory. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby a
but everybody's worried about retail and fiscal cliff, carl and fiscal cliff was mentioned in the release. it's become something carl that we are expecting in every release that we see. >> we do have a couple of seconds to point out that last night in cable fax awards, two nights ago, you were named to the hall of fame. >> yes, thank you very much. kind of proud, i dedicated by admission to mark haines who put me on tv. when david and joe would do "squawk box," he put me...
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. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. gwen: behind the scenes -- tea party pressure, as the movements most prominent senator builds a new platform. >> a lot of my role in the senate has been stopping bad things and saying no to bad things, but we need to do more than that gwen: abroad, tensions in syria on the rise. can the u.s. intervene? should we? covering the week -- jackie calmes of "new york times," eamon javers of cnbc, amy walter of abc news, and james kitfield of "national journal." >> award-winning reporting and analysis covering history as it happens. live from our nations capitol, this is washington week with gwen ifill, produced in association with national journal. corporate funding for washington week is provided by -- ♪ >> wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> we know why we're here. to charlotte a greater path, in the air and in our factories. >> to find cleaner, more efficient ways to power flight. >> and harness our technology for new
. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. gwen: behind the scenes -- tea party pressure, as the movements most prominent senator builds a new platform. >> a lot of my role in the senate has been stopping bad things and saying no to bad things, but we need to do more than that gwen: abroad, tensions in syria on the rise. can the u.s. intervene? should we? covering the week -- jackie calmes of "new york times," eamon javers of...
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fiscal cliff negotiations appear to be going nowhere. today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
fiscal cliff negotiations appear to be going nowhere. today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
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he's taking his fiscal cliff case on the road. you're watching "hardball," the place for politics. >>> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> welcome back to "hardball." today president obama took his fiscal pitch outside the beltway visiting a middle class family in the virginia suburbs. the president's message is resonating with people across america. a new quinnipiac poll proves it. 53% trust president obama and the democrats more to handle the fiscal cliff negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. you're all over the place. you're the greatest. the absolute
he's taking his fiscal cliff case on the road. you're watching "hardball," the place for politics. >>> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> welcome back to "hardball." today president obama took his fiscal pitch outside the beltway...
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he's taking his fiscal cliff case on the road. you're watching "hardball," the place for politics. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow >>> i'm
he's taking his fiscal cliff case on the road. you're watching "hardball," the place for politics. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for...
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now, with what we have seen, with the fiscal cliff, it is virtually impossible. i think that senator demint can do more running the heritage foundation the way she would like to rather than sitting in the senate. dagen: does this also speak to him resigning from the senate, the power of the tea party, perhaps? >> i do not know it is the waning power of the tea party. i spoke with senator demint out and he feels that we have to do a better job with that. i believe that he thinks he can take the heritage network, and they do have operations around the country, at the state level, find out what works at the state and local level. there are models, social policy, education, welfare that have had some success out in the country that reflects conservative ideas. match that with the researchers in washington that to the policy work for heritage. connell: i think a lot of people will hear or read about this today and think about the conversation we have been having about the future of the republican party. does the tea party still have, you know, lindsey graham just put
now, with what we have seen, with the fiscal cliff, it is virtually impossible. i think that senator demint can do more running the heritage foundation the way she would like to rather than sitting in the senate. dagen: does this also speak to him resigning from the senate, the power of the tea party, perhaps? >> i do not know it is the waning power of the tea party. i spoke with senator demint out and he feels that we have to do a better job with that. i believe that he thinks he can...
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he's struggling to avoid going over the fiscal cliff. he's facing growing criticism from members of his own party, the speaker removing four conservative congressman from key committees, the move seen by some as a way to close ranks over a potential fiscal cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives right now, car. >> reporter: sure it's not just off the hill. some of the members on the hill. fiscal conservatives are once again whispering, in some cases outwardly and openly explaining about house speaker john boehner and his handling of the negotiations with the white house. john boehner's proposal to increase revenue $800 billion by closing tax loopholes and reforming the code has real problems for some house republicans, most of whom actually campaigned promising to at least hold the line if not cut taxes. this week john boehner tossed four c
he's struggling to avoid going over the fiscal cliff. he's facing growing criticism from members of his own party, the speaker removing four conservative congressman from key committees, the move seen by some as a way to close ranks over a potential fiscal cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives...
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. >>> also, the fiscal cliff. it's down to two people. everybody seems to agree, two people get in the room, the president and the leader of the opposition, john boehner, the speaker. should be interesting. they may be closer, some argue, to an agreement than we think. the question is can they sell the deal to their bases, to their fringies, left and right i must say. >>> plus, republicans say they would change after the election and they are. guess what? they're changing the rules. some of them are proposing to republicans in pennsylvania and three other states obama won, they're trying to eliminate the winner-take-all system of awarding electoral votes. why not? that way republicans could win electoral votes in states they lose. that's a good deal. >>> new jersey governor chris christie finally meets his idol. new jersey's most famous resident, the man he has seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. [ male announcer ] take dayquil.
. >>> also, the fiscal cliff. it's down to two people. everybody seems to agree, two people get in the room, the president and the leader of the opposition, john boehner, the speaker. should be interesting. they may be closer, some argue, to an agreement than we think. the question is can they sell the deal to their bases, to their fringies, left and right i must say. >>> plus, republicans say they would change after the election and they are. guess what? they're changing the...
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congressional leaders continue discussions on the fiscal cliff. we're going to hear, as a matter of fact, from senate democratic leaders. a briefing scheduled for noon eastern, about 20 minutes away. we'll take you there live when it gets under way. this morning part of our week-long and couple of weeks' long conversation on the fiscal cliff, a focus this morning on the expiring tax provisions. host: today we're looking at the issue of tax extenders or tax incentives for business and individuals. and joining us in this discussion is sam goldfarb, who is a tax writer for c.q. roll call. what are tax extenders? >> well, they're temporary tax breaks. that's basically i think the most basic definition and some people are kind of concerned that the entire tax code is turning into one big tax extendser. so where do you really define it? but i think traditionally they're considered to be these pretty small provisions, narrowly targeted at specific types of businesses. some of them do apply to individuals as well. >> so why are they temporary? >> that's a
congressional leaders continue discussions on the fiscal cliff. we're going to hear, as a matter of fact, from senate democratic leaders. a briefing scheduled for noon eastern, about 20 minutes away. we'll take you there live when it gets under way. this morning part of our week-long and couple of weeks' long conversation on the fiscal cliff, a focus this morning on the expiring tax provisions. host: today we're looking at the issue of tax extenders or tax incentives for business and...
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we are facing huge deficits and a looming fiscal cliff. i want to come out and say this and help the president get this? >> i use the word patriotism. when i was a kid i grew up in two u.s. internment camps. in the swamps of arkansas. we lived in california. >> you were hauled out there. >> to arkansas and later transferred to another one in northern california. but we were there because we happened to look like the people that bombed pearl harbor. a year into it the government realized there was a wartime manpower shortage. and when the military was opened up. thousands of young japanese americans went to fight for this country. they were put into a segregated unit and fought on the bloody battlefields in europe. and came back the most decorated and exercised something that was very important. they did it for their family certainly, but for the greater good because they loved america. they sacrificed themselves and many many perished on those fields and that is the kind of situation we are faced with now and those republicans can't seem t
we are facing huge deficits and a looming fiscal cliff. i want to come out and say this and help the president get this? >> i use the word patriotism. when i was a kid i grew up in two u.s. internment camps. in the swamps of arkansas. we lived in california. >> you were hauled out there. >> to arkansas and later transferred to another one in northern california. but we were there because we happened to look like the people that bombed pearl harbor. a year into it the...
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obama is taking his fiscal cliff plan to the people. will republicans buckle under public pressure? msnbc's political analyst michael eric dyson and democratic strategist donna gentile-o'donnell will weigh in on that tonight. >>> welcome back to "the ed show." president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> the concerted
obama is taking his fiscal cliff plan to the people. will republicans buckle under public pressure? msnbc's political analyst michael eric dyson and democratic strategist donna gentile-o'donnell will weigh in on that tonight. >>> welcome back to "the ed show." president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern...
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how much is that is due to the looming fiscal cliff. joining me now is congresswoman judy, chair of the congress gregsal asian pacific caucus. it's great to have you here. we have been talking about the larger effects of this and the taxation issue and what will happen to the wealthiest of americans. how will going over the fiscal cliff affect small businesses? i believe that being able to have a fairer tax rate will benefit small businesses because small businesses will be able to make sure that they are paying a fairer tax rate as what happened in the clinton tax years when we had an economic boom. >> congresswoman, we hear all the time certainly from the republicans arguments against president obama's plan is the $250,000 tax hike threshold could hurt small businesses. we hear that from all people who come on to talk about why they are opposed to it from the right wing that small business owners are going to be the ones hurt by this, the job creators. when we talk about them filing taxes as individuals and the real ones out there, wh
how much is that is due to the looming fiscal cliff. joining me now is congresswoman judy, chair of the congress gregsal asian pacific caucus. it's great to have you here. we have been talking about the larger effects of this and the taxation issue and what will happen to the wealthiest of americans. how will going over the fiscal cliff affect small businesses? i believe that being able to have a fairer tax rate will benefit small businesses because small businesses will be able to make sure...
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we're more concerned about the fiscal cliff. and so i think that again there are a lot of people that want to contribute. they know that there should be shared sacrifice. they realize that we cannot do this on the backs of our elderly, poor people and those in the middle class and those trying to get to the middle class on the backs of students. and i think they're saying, you know what? we can pay more because we want to do something that is good for our country. and hopefully that message will get through to the republicans and indeed the tea party folks. >> but if the ultimate goal here, sir, is to cut the national debt and sometimes people lose sight of that in the discussion here, the gop says the dems are just offering more spending and little in way of cutting. are democrats willing to give at all on entitlements? >> keep in mind, yes. and the president has made it clear. but we've got to look very carefully at the entitlements and realize that something like medicare, medicare right now you've got a situation where there
we're more concerned about the fiscal cliff. and so i think that again there are a lot of people that want to contribute. they know that there should be shared sacrifice. they realize that we cannot do this on the backs of our elderly, poor people and those in the middle class and those trying to get to the middle class on the backs of students. and i think they're saying, you know what? we can pay more because we want to do something that is good for our country. and hopefully that message...
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if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> welcome back. 16 minutes past the hour. no one can be sure if the white house and congress will steer the country away from that so called fiscal cliff, which now is just 24 days away. but it's probably a good idea for you and your family to be prepared just in case. earlier, i spoke with stephanie rule of bloomberg tv about what could happen if the deal is not reached. >> people talk about the cliff like it's this major event, which it is. but almost like a y2k. from a paycheck perspective, you will see less money in your paycheck if we do fall off
if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn...